Chinese economists warn Beijing to prepare for decoupling from US

An economic decoupling from the United States is looking more likely and China should get ready, scholars in Beijing warned on Saturday, a year after US President Donald Trump fired the first shot in the trade war. The break-up of the world’s two biggest economies was gradually becoming a real possibility as Beijing and Washington clashed over issues beyond trade and the White House sought to push China out of global value chains, according to Li Xiangyang, director of the National Institute of International Strategy, a think tank under the Chinese Academy of Social Sciences. “This economic decoupling is ... (full story)